Silver LBMA Data

The LBMA Silver Price is a regulated benchmark administered by ICE Benchmark Administration (IBA) who provide the auction platform, the methodology and the overall independent administration and governance for the LBMA Silver Price. However the LBMA holds the intellectual property rights. The LBMA Silver Price continues to be set once daily (at 12:00 London BST) in US dollars and other currencies. Sterling and Euro prices are available but these are indicative prices for settlement only. The IBA's platform provides an electronic, auction-based, tradeable, auditable and fully IOSCO-compliant solution for the London bullion market. There are 9 price participants who have been accredited to contribute to the LBMA Silver Price: Goldmans Sachs International plc, HSBC Bank USA NA, INTL FC Stone, Jane Street Global Trading LLC, JP Morgan Chase Bank N.A London Branch, Koch Supply and Trading LP, Morgan Stanley, The Bank of Nova Scotia - ScotiaMocatta and The Toronto Dominion Bank. The number of price participants will grow over the coming months as more participants meet the formal accreditation requirements. The physical settlement for the LBMA Silver Price remains Loco London Silver as it has been historically.